Therapeutic Drug Monitoring Market Size

Therapeutic Drug Monitoring Market size was valued at USD 2.14 billion in 2024 and is set to exceed USD 6.8 billion by 2037, expanding at over 9.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of therapeutic drug monitoring is evaluated at USD 2.31 billion.

The growth of the market during the forecast period can be attributed to the increasing focus of the healthcare providers to provide health care services, increasing demand for genetic testing, increased government and private sector participation in therapeutic drug monitoring markets, improvements in diagnostic technologies, rise in drug profiling processes, along with developments in process automation and system engineering. Moreover, favorable government regulations which permit drug monitoring especially in primary healthcare centers and private labs, is also anticipated to contribute towards the market growth during the forecast period.